John Goodwin FRICS says ..

Property Oracle says ..

Dormy Cottage, Wells Road, Malvern, Worcestershire is a 5 bedroom, 1 bathroom property listed at £550,000. The property has a plot size of 0.00 sqft and is 1,941.20 sqft in size. The property is located in a desirable area of Malvern, Worcestershire. The surrounding area benefits from good transport links with Colwall, Great Malvern and Malvern Link train stations all within a reasonable distance. Several primary schools are also nearby, including Malvern Wyche Cofe Primary School which has a good Ofsted rating. The proximity to these amenities makes the location highly attractive to families. Based on the provided photographs, the property appears to be in generally good condition. While some areas may benefit from modernisation or updating, the overall structure and presentation suggest that it is well-maintained. The property has several period features which are in good condition. The property has a garden. Although the size is not specified, the images show a tiered garden with mature shrubs and trees, offering a degree of privacy and outdoor space. Considering the average property price in the area is £375,231, and the average price per sqft is £348, Dormy Cottage’s list price of £550,000 seems slightly high, especially given the relatively small plot size. However, the property’s size (1941 sqft), number of bedrooms (5), and desirable location justify a higher-than-average price per sqft. The nearby comparable properties, which are similarly sized and located, are listed at prices between £500,000 and £650,000. This suggests that the list price is within the range of market value for similar properties in the area.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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